Zacks Investment Management Raises Stake in BJ's Wholesale Club Holdings, Inc. (NYSE:BJ)

Zacks Investment Management increased its position in shares of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ - Free Report) by 6.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,020 shares of the company's stock after purchasing an additional 7,107 shares during the quarter. Zacks Investment Management owned 0.09% of BJ's Wholesale Club worth $9,734,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of BJ's Wholesale Club by 158.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,189,932 shares of the company's stock valued at $368,044,000 after buying an additional 2,571,709 shares during the period. FMR LLC lifted its holdings in BJ's Wholesale Club by 7.2% in the third quarter. FMR LLC now owns 14,357,118 shares of the company's stock valued at $1,184,175,000 after acquiring an additional 966,528 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in BJ's Wholesale Club by 60.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,387,592 shares of the company's stock worth $196,929,000 after buying an additional 896,263 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in BJ's Wholesale Club by 4,834.5% during the third quarter. Rockefeller Capital Management L.P. now owns 625,205 shares of the company's stock valued at $51,567,000 after buying an additional 612,535 shares during the period. Finally, Marshall Wace LLP increased its holdings in BJ's Wholesale Club by 143.6% in the second quarter. Marshall Wace LLP now owns 848,000 shares of the company's stock valued at $74,488,000 after buying an additional 499,954 shares in the last quarter. Hedge funds and other institutional investors own 98.60% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BJ shares. Jefferies Financial Group raised their target price on BJ's Wholesale Club from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Morgan Stanley raised their price objective on BJ's Wholesale Club from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Friday, November 22nd. UBS Group upped their target price on BJ's Wholesale Club from $102.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, November 22nd. Wells Fargo & Company boosted their price target on shares of BJ's Wholesale Club from $92.00 to $100.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Finally, TD Cowen increased their price objective on shares of BJ's Wholesale Club from $95.00 to $110.00 and gave the company a "buy" rating in a report on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, BJ's Wholesale Club presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.25.

Insider Activity

In related news, CEO Robert W. Eddy sold 11,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $83.75, for a total transaction of $921,250.00. Following the completion of the sale, the chief executive officer now directly owns 434,792 shares of the company's stock, valued at $36,413,830. This trade represents a 2.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.00% of the company's stock.

BJ's Wholesale Club Price Performance

Shares of BJ's Wholesale Club stock traded down $0.45 on Friday, hitting $95.60. 2,309,771 shares of the company were exchanged, compared to its average volume of 1,709,783. The company has a 50-day moving average price of $88.89 and a 200 day moving average price of $86.66. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 4.57 and a beta of 0.29. BJ's Wholesale Club Holdings, Inc. has a 1-year low of $63.74 and a 1-year high of $99.91. The company has a quick ratio of 0.14, a current ratio of 0.76 and a debt-to-equity ratio of 0.23.

BJ's Wholesale Club (NYSE:BJ - Get Free Report) last issued its quarterly earnings data on Thursday, November 21st. The company reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.29. The company had revenue of $5.10 billion during the quarter, compared to analysts' expectations of $5.12 billion. BJ's Wholesale Club had a return on equity of 35.41% and a net margin of 2.71%. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. As a group, sell-side analysts predict that BJ's Wholesale Club Holdings, Inc. will post 3.95 earnings per share for the current fiscal year.

About BJ's Wholesale Club

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the eastern half of the United States. It provides groceries, general merchandise, gasoline and other ancillary services, coupon books, and promotions. The company sells its products through the websites BJs.com, BerkleyJensen.com, and Wellsleyfarms.com, as well as the mobile app.